Study of Recuriment Project at Ethos HR Management and Project Pvt. LTD
Study of Recuriment Project at Ethos HR Management and Project Pvt. LTD
Study of Recuriment Project at Ethos HR Management and Project Pvt. LTD
on
Submitted By:
Krishna Rajeshbhai Nandoliya
Roll No. : 13
I take this opportunity to express my profound gratitude and deep regards to the Director and
faculties of MAHATMA GANDHI LABOR INSTITUTE STUDIES for their exemplary
guidance, monitoring and encourage through the course of PGDHRM. The blessing, help and
guidance given by them in journey of life on which I am about to embark.
I am also thankful and acknowledged to Mrs. SNIGDHA SINGH –GUIDE PERSON for
his cordial support, valuable information and guidance, which helped me in completing this
task through various stages.
I would extend my heartfelt gratitude to my faculty mentor PROF. MISHA VYAS who
guided me throughout the project and gave me valuable suggestions, moral support and
encouragement.
STUDENT’S DECLARATION
I KRISHNA NANDOLIYA hereby declare that the project report entitled ―“A Study on Recruitment ,
Selection & Payroll” under the guidance of Mrs. SNIGDHA SINGH submitted in partial fulfillment of the
requirements for award of the degree of Post graduate Diploma in Human Resource Management,
Ahmadabad is our original work – research study – carried out during , and not submitted for the award
of any other degree or other similar titles or prizes to any other institution/organization or university by
any other person.
Title Page
Acknowledgement
Index
Executive summary
Chapter – I Introduction
Chapter-VI: Recruitment
The human resources are the most important assets of an organization. The success or failure
of an organization is largely dependent on the caliber of the people working therein. Without
positive & creative contributions from people, organizations cannot progress and prosper in
order to achieve the goal or the activity of an Organization. Therefore, they need to recruit
people with requisite skills, qualification and experience. While doing so, they have to keep
the present as well as the future requirements of the organizations in mind.
Recruitment is defined as, “a process to discover the sources of manpower to meet the
requirement of the staffing schedule and to employ effective measures for attracting that
manpower in adequate numbers to facilitate effective selection of an efficient workforce.”
In order to attract people for the jobs, the organization must communicate the position in such
a way that job seekers respond. To be cost effective, the recruitment process should attract
qualified applicants and provide enough information for unqualified persons to self-select
themselves out.
The term “HR recruiter” may sound redundant, as both human resource management &
recruiters both find job candidates and get them hired, this job is very specific.
Recruiters will work from resumes only by actively soliciting individuals qualified for
positions. A recruiter’s job includes reviewing candidate’s job experiences, negotiating
salaries, and placing candidate in agreeable employment positions. Recruiters typically
receive a fee from the hiring employees.
The word ‘recruitment’ has many meaning and plays an important role. Employees leave the
organization in search of greener pastures- some retire some die in saddle. The most
important thing is that enterprise grows, diversifies, and takes over other units-all
necessitating hiring of new men and women. In fact recruitment functions stop only when the
organization ceases to exist. To understand recruitment in simple terms it is understood as
process of searching for obtaining applications of job from among from which the right
people can be selected.
In this report, we will getting idea about the recruitment industry, about the companies,
problems faces during the recruitment process, full cycle of recruitment and analyzed data
which pretend the scenario and ratios of the recruitment.
Chapter : 1
Introduction
Chapter: 1
Introduction
MEANING
Human resource management (HRM or HR) is the strategic approach to the effective
management of people in an organization so that they help the business to gain a competitive
advantage. It is designed to maximize employee performance in service of an employer's
strategic objectives. HR is primarily concerned with the management of people within
organizations, focusing on policies and on systems. HR departments are responsible for
overseeing employee-benefits design, employee recruitment, training and development,
performance appraisal, and Reward management (e.g., managing pay and benefit systems).
HR also concerns itself with organizational change and industrial relations, that is, the
balancing of organizational practices with requirements arising from collective bargaining
and from governmental laws.
MEANING
Human resources are the people who make up the workforce of an organization, business
sector, or economy. "Human capital" is sometimes used synonymously with "human
resources", although human capital typically refers to a narrower effect (i.e., the knowledge
the individuals embody and economic growth). Likewise, other terms sometimes used
include manpower, talent, labor, personnel, or simply people.
Human resource managers are in charge of many duties pertaining to their job. The duties
include planning, recruitment and selection process, posting job ads, evaluating the
performance of employees, organizing resumes and job applications, scheduling interviews
and assisting in the process and ensuring background checks. Another job is payroll and
benefits administration which deals with ensuring vacation and sick time are accounted for,
reviewing payroll, and participating in benefits tasks, like claim resolutions, reconciling
benefit statements, and approving invoices for payment. HR also coordinates employee
relations activities and programs including but not limited to employee counseling. The last
job is regular maintenance, this job makes sure that the current HR files and databases are up
to date, maintaining employee benefits and employment status and performing
payroll/benefit-related reconciliations. In May 2014, the U.S. Department of Labor stated that
human resource assistants earn about $38,040 annually and human resource managers earn
about $104,440 annually.
1.4 HR PROCESSES
The global human resource management (HRM) market size was valued at USD 12. 6 billion
in 2016 and is estimated to witness remarkable growth over the forecast period.
Advancements in the field of Information Technology (IT), coupled with introduction of
predictive analytics in the field of HR processes, are expected to boost market growth.
The evolution of various human resource management (HRM) solutions has enabled
professionals to perform traditional HR activities in a reduced time span. This has
.subsequently allowed them to focus on attracting the right pool of candidates, retaining
human capital, aligning organizational strategies with individual goals, and managing human
resources in a manner that results in organizational growth.
Numerous HR software providers offer solutions on cloud, allowing easy access to data from
virtually any system across the organization. Buyers widely prefer cloud-based systems
owing to flexibility in terms of usage, reduced maintenance charges, and elimination of
installation time and costs.
HRM solutions are increasingly implemented in retail, IT and telecom, healthcare, BFSI, and
academia, among others. Companies find it challenging to recruit suitable employees owing
to the large number of applicants in an industry. Organizations are also adopting HRM
solutions to strategize recruitment employee engagement and as well as ensure proper
internal communication.
1.6 RECRUITMENT
MEANING
The job seekers too, on other hand, are in search of organizations offering them employment.
Recruitment is a linkage activity bringing together those with jobs and those seeking jobs. In
simple words, the term recruitment refers to discovering the source from where potential
employees may be selected. The scientific recruitment process leads to higher productivity,
better wages, high morale, reduction in labor turnover and enhanced reputation. It stimulates
people to apply for jobs; hence it is a positive process.
Recruitment is concerned with reaching out, attracting, and ensuring a supply of qualified
personnel and making out selection of requisite manpower both in their quantitative and
qualitative aspect. It is the development and maintenance of adequate manpower resources.
This is the first stage of the process of selection and is completed with placement.
DEFINITION
According to Edwin B. Flippo, “It is a process of searching for prospective employees and
stimulating and encouraging them to apply for jobs in an organization.”
He says, “It is often termed positive in that it stimulates people to apply for jobs, to increase
the hiring ratio, i.e. the number of applicants for a job. Selection, on the other hand, tends to
be negative because it rejects a good number of those who apply, leaving only the best to be
hired.
In the words of Dale Yoder, Recruitment is the process to “discover the sources of
manpower to meet the requirements of the staffing schedule and to employ effective
measures for attracting that manpower in adequate numbers to facilitate effective selection of
an efficient working force.”
Kempner writes, “Recruitment forms the first stage in the process which continues with
selection and ceases with the placement of the candidates.”
In personnel recruitment, management tries to do far more than merely fill job openings. As a
routine the formula for personnel recruitment would be simple i.e., just fill the job with any
applicant who comes along.
Joseph J. Famularo has said, “However, the act of hiring a man carries with it the
presumption that he will stay with the company-that sooner or later his ability to perform his
work, his capacity for job growth, and his ability to get along to perform his work, his
capacity for job growth, and his ability to get along in the group in which he works will
become matters of first importance”
HISTORY
The way the recruitment industry runs in this day and age, you wouldn’t think of it as
something that dates back to the 1940s. Its heavy reliance on technology covers the historic
tracks of the growth of recruitment.
Recruitment emerged as a result of WWII. As soldiers were called to war, gaps were created
in the work-place. From here, the employment agency was born and these agencies began
advertising, for those who were not called into military duty, to fill the vacancies left behind
by those who went to war. When the war was over, the recruitment agencies continued to
work to find returning war veterans work, incorporating the new skills they had obtained
from their time away.
By the 1950’s, people were beginning to create resumes that depicted their personal profiles
and skills. During the early days, a consultant’s aim was to satisfy the requirements of the
candidates but in 1970 there was a shift in focus.
As the economy grew, recruiters began to work with clients as these expanding businesses
began to outsource their hiring needs. However, the recruitment industry had a very different
process as modern technology and the internet were yet to exist. The initial main tools of
recruitment consisted of bulletin boards, which led to paid advertisements in the newspapers.
Recruitment was dependent on word-of-mouth and face-to-face applications. As well as this,
storing this information proved a grueling task, as CVs were kept as mass paper files, making
applications difficult to access and sort through.
The invention of the computer lightened the load for recruiters with the arrival of Applicant
Tracking Systems (ATS) and candidate databases which could store and search through
applications much faster and more efficiently, improving the process for recruiters.
The mid-90’s saw the introduction of the World-Wide-Web, which meant recruiters could
pull advertising away from conventional means such as newspapers, and explore a global
world of job advertising and candidates.
This is where the concept of ‘head-hunting’ really took off. Skip ahead a few years and social
networks made the search for strong skill sets that much easier, with networks such as
LinkedIn dedicating themselves to employers and candidates, acting like the online dating
site for jobs; search through your varying choices and find your perfect match with little
effort.
Although newspapers are still used as a means of advertising jobs, with specific pull-outs
dedicated to the job market, the rapid growth of technology means that recruiters can store
applicants and quickly dig them up the second they see a job opening, making the process
faster, more efficient and cost-effective.
SOURCES OF RECRUITMENT
Every organization has the option of choosing the candidates for its recruitment processes
from two kinds of sources: internal and external sources. The sources within the
organization itself (like transfer of employees from one department to other, promotions) to
fill a position are known as the internal sources of recruitment. Recruitment candidates from
all the other sources (like outsourcing agencies etc.) are known as the external sources of
recruitment.
Internal Recruitment
Internal recruitment seeks applicants for positions from within the company. The various
internal sources include:
External recruitment seeks applicants for positions from sources outside the company. They
have outnumbered the internal methods. The various external sources include:
RECRUIMENT PROCESS
As stated earlier, recruitment is the process of location, identifying, and attracting capable
applications for jobs available in an organization.
Recruitment Planning
The first involved in the recruitment process is planning. Hire, planning involves to draft a
comprehensive job specification for the vacant position, outline its major and minor
responsibilities; the skills, experience and qualifications needed; grade and level of pay;
starting date; whether temporary or permanent; and mention of special condition, if any,
attached to the job to be filled.
Strategy Development
Once it is known how many with what qualification of candidates are required, the next step
involved in this regard is to device a suitable strategy for recruitment the candidates in the
organization. The strategic considerations to be considered may include issues like whether to
prepare the required candidates themselves or hire it from outside, what type of recruitment
method to be used, what geographical area be considered, for searching the candidates, which
source of recruitment to be practiced, and what sequence of activities to be followed in
recruiting candidates in the organization.
Searching
This step involves attracting job seeders to the organization. There are broadly two sources
used to attract candidates. These are: Internal Sources External Sources.
Screening
Through some view screening as the starting point of selection, we have considered it as an
integral part of recruitment. The reason being the selection process starts only after the
application have been screened and short listed. Let it be exemplified with an example. In the
Universities, application is invited for filling the post of Professors. Application received in
respond to invitation, i.e. advertisement are screened and short listed on the basis of
eligibility and suitability. Then, only the screened applicant are invited for seminar
presentation and personal interview. The selection process starts from here, i.e., seminar
presentation or interview. Job specification is invaluable n screening. Applications are
screened against the qualification, knowledge, skills, abilities, interest and experience
mentioned in the job specification. Those who do not qualify are straightway eliminated from
the selection process. The techniques used for screening candidates are varying depending on
the source of supply and method used for recruiting. Preliminary applications, de-selections
tests and screening interviews are common techniques used for screening the candidates.
Given the considerable involved in the recruitment process, its evaluation and control is,
therefore, imperative.
• Salary of recruiters
• Administrative expenses
• Cost of outsourcing or overtime while vacancies remain unfilled
• Whether the recruitment process followed in the organization is effective at all or not?
Chapter: 2
Company Profile
Chapter 2:
Company Profile
2.1 COMPANY INTRODUCTION
The core team of Ethos comprises some of the industry’s most experienced
professionals known for their path breaking innovations in recruitment and staffing
processes.
In business, people are the greatest asset. Behind every great vision, great brand and
great service are the numerous individuals who deliver on the promise. Ethos is
dedicated to providing the human resources support that helps businesses achieve
their vision. They have great pleasure in introducing their selves as the Leading HR
Hub in the IT, Engineering, Construction, Real estate, Pharmaceutical, BFSI,
Telecom, FMCG, Services, Consultancy & across the domain.
The aim to provide value to employers and jobseekers in the recruitment process with
an in-depth understanding of their needs. In this dynamic environment and
competitive market place, organizations need an edge over others in all the aspects of
business including the selection of their future human resources to maintain the
competitive edge. They strive to provide quality manpower thereby driving down the
organization’s huge overheads and induce working Environment with minimum cost.
The keys to their philosophy are: integrity, confidentiality and thoroughness, which
have allowed us to cultivate long-term relationships with our clients. Their
professionals are dedicated to providing timely, objective and goal-oriented service on
behalf of manufacturing organizations, & service sector.
ETHOS HR MANAGEMENT & PROJECTS PVT.LTD.
Ethos HR Management & Projects Pvt. Ltd.is basically an effort to create value in talent
management domains and business consulting services. ETHOS specializes in talent
acquisition, deployment & outsourcing, corporate learning & development to name a few.
ETHOS also caters to the organization consulting space primarily servicing the industry
through business process improvement, managerial outsourcing and other organizational
development interventions. ETHOS are connected to companies PAN India and Overseas
helping them source best solutions to their intellectual & resourcing needs for both their
onsite / offshore requirements.
The main and only concern for ETHOS is Human Resources. Since 2002, ETHOS has been
successfully on the way to reach this goal. Today the company has its remarkable presence in
various industries like Information Technology, Pharmaceuticals, Engineering, Capital
Goods, Chemicals, Agro Chemicals, Petrochemicals, Oil & Gas, Biotechnology, Power,
Infrastructure, Banking, Financials, Services, FMCG, Textiles, Logistics, Telecom,
Education, etc.
Further accentuating ethos presence in the enterprise restructuring area ETHOS now deliver
critical competitive advantage packages to small and medium enterprises for business process
improvements and organizational excellence.
2.4 WHAT ETHOSS DO?
Services of Ethos
1. Talent Acquisition
2. Learning & Development
3. Talent Deployment & Outsourcing
4. Business Improvement Process
5. Recruitment Process Outsourcing
6. Contractual Staffing
7. Employment Background Verification
1. Talent Acquisition
Ethos strives to make sure their services are dedicated to support HR solution. Our in-house
research and recruiting capabilities are extensive. Ethos follow the best systems & processes
in the recruitment industry, and so have the ability to serve their clients the relevant & quality
profiles with a minimum lead-time. Ethos are committed for the accurate search & selection
of professionals with the help of highly trained search team, widely spread network as well as
existing database of skilled and experienced professionals.
Ethos specializes in Executive Search/ Middle management/ Board Member & CXO Search.
In addition, Ethos has expertise in Mass Hiring or Team Hiring within a speculated time and
Ethos take these assignments on a specific & reasonable term unlike general requisitions. For
an excellent output in the client side Ethos follow a robust internal process which is time
tested and which intertwines the recruiters, leads and directors. Ethos concentrate on research
methods, client confidentiality, documentation, strict timelines, reporting and follow up
process, constant service feedback. Ethos team includes experienced consultants, who work
across the key industry segments and functions to deliver the executive search service.
Whether you are a startup, a mid-market firm looking to expand your Board, or a Fortune 500
company working on your succession plan, we stand by to partner with you.
What happens if we train our people and they leave? …. Wrong question! According to
Zig Ziglar, you should be asking what happens if we don’t train our people, and they
stay?
Ethos employs a suite of interventions to enhance & develop general and professional skills
of all their client’s employees which aim for betterment of basic knowledge and competency
skills. All programs are delivered by well-qualified and renowned training professionals
having rich experience in organizational learning and development. Ethos offer various
business improvement packages which are based on diagnostics studies of client model and
business environment. Ethos learning and development processes are exhaustive in nature
which takes care of all skill gaps, future learning and implementing change management at
their client side.
The entire L & D delivery model performed at 5 levels across the organizational hierarchy
with specific modes at each level.
Process: The above process is delivered through a set of critical methodologies like Self
Reflection, Action Therapy, Dramatics, Case Studies & Role Plays to increase the retention
level at the trainee’s end.
Ethos undertakes a range of modules in learning & development across levels, out of those,
few of the key modules are:
S o f t S k i l l s / B e h a v i o r a l M o d u l e s :
M a g i c o f T e a m s
C r e a t i n g R i g h t A t t i t u d e
M o t i v a t i o n
M a n a g i n g S t r e s s
P r o b l e m S o l v i n g & D e c i s i o n M a k i n g S k i l l s
C r e a t i v i t y a n d O u t o f B o x T h i n k i n g
E f f e c t i v e T i m e M a n a g e m e n t
C o m m u n i c a t i o n s
I n t e r p e r s o n a l S k i l l s
P r e s e n t a t i o n S k i l l s
C R M
B u s i n e s s E t i q u e t t e s
T r a n s a c t i o n a l A n a l y s i s
S e l f - A w a r e n e s s
Ethos tries to take care of all life cycle needs of the company for manpower augmentation in
various modes related to continuous or seasonal nature by providing administrative, technical
or project based professionals wide an outsourced model. Ethos offer strategic outsourcing
solutions that give you intellectual capital which may not-be-available-in-house.
Ethos helps organizations focus on their core HR activities by also handling all backend
process in an efficient and time-bound manner. Ethos helps companies with access to the
same economies of scale, efficiency and expertise that otherwise would be-quite-resource-
intensive.
Our services range from but are not limited to:
As the Business world tries to steer the present challenges, many of the management
practices will undergo changes in the days ahead. The biggest challenge today is to achieve
the strategic intent of the business, provide organizational scalability & sustained growth
through optimized resources-manpower and material. Ethos need to make their work force
more engaged, enjoy what they do and draw motivation from their achievement. Performance
parameters need to more align to key outcome.
Their output needs to meet higher level quality. Ethos should set objective without draining
their self or burning out their talent pool. Ethos need to understand that it’s not quantum but
quality of their focus on the on the key areas that will give us the desired results. Quantum
can in the short run give us a level of output though higher than the previous level and in line
with their business target but not near the possible potential and perhaps on target but with a
cost. Thus, many a times the approach is not sustainable.
BIP Interventions are the suite of actions deployed for organization optimization on all
departmental fronts from Strategy to Audit covering HR, Finance, Marketing, IT, Quality,
Projects, Audit, Administration, Logistics etc., therefore delivering a total package of
Business Process Improvement and Organizational Excellence. The interventions focus on
creating a competitive organization structure with departmental design definitions, Job
descriptions, employee assessment, competency analysis, compensation & benefits
restructuring, designing performance management systems as well as performance linked
Incentive systems.
Intrinsic business processes changes & culture and environmental Change creation &
management also form part of the BIP suit.
Their approach to Organizational Restructuring
Recruitment process outsourcing has become a favored option of both small and big business
entities in solving their recruitment concerns, because RPO providers like Ethos provide both
economics of scale and economics of scope. However, at Ethos, Ethos believe in something
more – the economics of ethics and experience.
Strict compliance and adherence to client instructions cuts down on costs of non-compliance
and also achieves better service levels, because regulation compliance usually results in better
work. At Ethos we observe this economics of ethics when providing recruitment process
outsourcing solutions for our clients. And we do it without sacrificing either on the
economics of scale or scope.
At Ethos, accept parts of a client’s recruitment process, or all of its recruitment activities.
Ethos helps businesses reduce their response time to human resources needs as well as
providing sophisticated staffing methods and reporting. Outsourcing your recruitment
processes to Ethos would help you reduce costs and understand and measure your recruitment
strategy.
Ethos work with you to build strategies for your recruitment activities and diligently follow
your instructions guaranteed compliance. Their experts help you to create a corporate staffing
strategy to ensure the best results.
Ethos understands the impermanence of employer-employee relationships and the need for
retention of desirable candidates. Ethos also understands your need to maintain certain
functions in line with your employer brand. When you outsource your recruitment processes
to Ethos you have higher quality in recruitment and can free your own core resources to
employ them to your core business activities.
Ultimately, its care and consistency that works in RPO to make things truly cost and quality
effective, and at Ethos, Ethos understand that perfectly.
6. Contractual Staffing
At Ethos they have established relationships professionals to come up with solutions to your
contractual staffing or temporary staffing needs. In fast moving markets, organizational
entities from banks to trading businesses and from IT companies to energy concerns have
need for temporary staffing or contingent work.
Ethos helps you to find the best temporary or contractual staffing solutions without spending
a fortune. Ethos understands contingent work needs of companies, and that people with
certain skill sets may not always fit the company’s payroll.
Contractual staffing helps to protect an employer brand as well as needs when the staff is on
the payroll of a third party, but comes in to work on being lent by the staffing company. It is a
much better and cost-effective solution than hiring and firing for temporary needs.
In contractual staffing, either Ethos directly provide the contractual staff or tie up their clients
with suitable staffing providers from whom they screen and select candidates to work for
their clients. Contractual staffing is a win-win in many situations – from arranging trade
shows to hiring a fleet of programmers on short notice. It adds flexibility to business
operations and helps call on expertise as and when required.
Ethos has standard formats of Client Service Agreements and our experts are held in the
highest esteem by staffing companies. Their reputation and service provides us access to the
candidate databases of staffing companies and employ selection procedures beneficial for
their clients.
After understanding client priorities in contractual staffing, Ethos identifies and hire
according to client specifications and maintain HR, Admin and regulatory compliance
required by the client.
In a market that is sure to change, contractual staffing by Ethos is your guarantee of business
resilience when it comes to human resources.
Employment check
Education check
Reference check
Credentials check
Address check
Identity check
Criminal check
Drug check
Vision
To be the catalyst of innovative change and long-term business growth for clients
Values
Mission
To build a value chain for all our clients delivering talent, learning & advisory solution with a
pledge to keep it simple, informative and useful throughout their joint business life.
ANCHORS OF ETHOS:
Banking in India, in the modern sense, originated in the last decades of the 18th century.
Among the first banks were the Bank of Hindustan, which was established in 1770 and
liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in
1791The largest bank, and the oldest still in existence, is the State Bank of India (S.B.I).
It originated as the Bank of Calcutta in June 1806. In 1809, it was renamed as the Bank of
Bengal. This was one of the three banks funded by a presidency government, the other
two were the Bank of Bombay in 1840 and the Bank of Madras in 1843.
The three banks were merged in 1921 to form the Imperial Bank of India, which upon
India's independence, became the State Bank of India in 1955.
For many years the presidency banks had acted as quasi-central banks, as did their
successors, until the Reserve Bank of India was established in 1935, under the Reserve
Bank of India Act, 1934.
In 1960, the State Banks of India was given control of eight state-associated banks under
the State Bank of India (Subsidiary Banks) Act, 1959.
These are now called its associate banks. In 1969 the Indian government nationalised 14
major private banks, one of the big bank was Bank of India. In 1980, 6 more private
banks were nationalized.
These nationalized banks are the majority of lenders in the Indian economy. They
dominate the banking sector because of their large size and widespread networks.
The Indian banking sector is broadly classified into scheduled banks and non-scheduled
banks. The scheduled banks are those included under the 2nd Schedule of the Reserve
Bank of India Act, 1934.
The scheduled banks are further classified into: nationalized banks; State Bank of India
and its associates; Regional Rural Banks (RRBs); foreign banks; and other Indian private
sector banks.
The term commercial banks refer to both scheduled and non-scheduled commercial banks
regulated under the Banking Regulation Act, 1949.
Generally banking in India is fairly mature in terms of supply, product range and reach-
even though reach in rural India and to the poor still remains a challenge.
The government has developed initiatives to address this through the State Bank of India
expanding its branch network and through the National Bank for Agriculture and Rural
Development (NABARD) with facilities like microfinance.
Banking Services
Saving account
Money market
Current Accounts
account
Business Loan
Individual
Capital raising
retirement
account(IRA) (Equity/Debt/Hybrid)
Certificate of
Deposit Project finance
Debit Card Revolving
Credit Card Credit
Mortgage Long term loan
Mutual Fund Cash
Personal Loan Management
Time deposit Service
ATM Card
3.2 History of The Bank
The first bank in India, though conservative, was established in 1786. From 1786 till today,
the journey of
Indian Banking System can be segregated into three distinct phases. They are as mentioned
below:
PHASE I - Early phase from 1786 to 1969 of Indian Banks
PHASE II - Nationalization of Indian Banks and up to 1991
PHASE III - Indian Financial & Banking Sector Reforms after 1991.
PHASE I: The General Bank of India was set up in the year 1786. Next came Bank of
Hindustan
and Bengal Bank.
The East India Company established
Bank of Bengal (1809), Bank of Bombay(1840) and Bank of Madras (1843) as
independent
units and called it Presidency Banks.
These three banks were amalgamated in 1920 and Imperial Bank of India was established
which
started as private shareholders banks, mostly Europeans shareholders. During the first phase
the growth
was very slow and banks also experienced periodic failures between 1913 and 1948. There
were approximately
International Journal of Applied Business and Economic Research 72
Hari G. Krishna and N. Maithreyi
1100 banks, mostly small. To streamline the functioning and activities of commercial banks,
the Government
of India came up with The Banking Companies Act, 1949 which was later changed to
Banking Regulation
Act 1949 as per amending Act of 1965 (Act No.23 of 1965). Reserve Bank of India was
vested with
extensive powers for the supervision of banking in India as the Central Banking Authority.
During those
day’s public has lesser confidence in the banks. As an aftermath deposit mobilization was
slow. Abreast of
it the savings bank facility provided by the Postal department was comparatively safer.
Moreover, funds
were largely given to the traders.
PHASE II: Government took major steps in this Indian Banking Sector Reform after
independence.
In 1955, it nationalized Imperial Bank of India with extensive banking facilities on a large
scale especially
in rural and semi-urban areas. Second phase of nationalization Indian Banking Sector Reform
was carried
out in 1980 with seven more banks. This step brought 80% of the banking segment in India
under
Government ownership.
The following are the steps taken by the Government of India to Regulate Banking
Institutions in the
Country:
• 1949: Enactment of Banking Regulation Act.
• 1955: Nationalization of State Bank of India.
• 1959: Nationalization of SBI subsidiaries.
• 1961: Insurance cover extended to deposits.
• 1969: Nationalization of 14 major banks.
• 1971: Creation of credit guarantee corporation.
• 1975: Creation of regional rural banks.
• 1980: Nationalization of seven banks with deposits over 200 crores.
After the nationalization of banks, the branches of the public sector bank India raised to
approximately
800% in deposits and advances took a huge jump by 11,000%.Banking in the sunshine of
Government
ownership gave the public implicit faith and immense confidence about the sustainability of
these institutions.
PHASE III: This phase has introduced many more products and facilities in the banking
sector in its
reforms measure. In 1991, under the chairmanship of M Narasimham, a committee was set up
by his name
which worked for the liberalization of banking practices.
The country is flooded with foreign banks and their ATM stations. Efforts are being put to
give a
satisfactory service to customers. Phone banking and net banking is introduced. The entire
system became
more convenient and swift. The financial system of India has shown a great deal of resilience.
It is sheltered
from any crisis triggered by any external macroeconomics shock as other East Asian
Countries suffered.
This is all due to a flexible exchange rate regime, the Foreign Reserves are high, the capital
account is not
yet fully convertible, and banks and their customers have limited foreign exchange exposure.
3.3What is a Bank?
Banks may also provides financial services, such as wealth management, currency exchange
and safe deposit boxes.
3.4 Types of Bank
3.5Current Scenario of Banking Sector
The Indian banking system consists of 27 public sector banks, 21 private sector banks,
49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384
rural cooperative banks, in addition to cooperative credit institutions.
As of Q1 FY19, total credit extended by commercial banks surged to Rs 86,976.2
billion (US$ 1,297.4 billion) and deposits grew to Rs 115,070.3 billion (US$ 1,716.4
billion).
Indian banks are increasingly focusing on adopting integrated approach to risk
management. Banks have already embraced the international banking supervision
accord of Basel II, and majority of the banks already meet capital requirements of
Basel III, which has a deadline of 31 March 2019.
Reserve Bank of India (RBI) has decided to set up Public Credit Registry (PCR) an
extensive database of credit information which is accessible to all stakeholders. The
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill has been passed
and is expected to strengthen the banking sector.
Credit off-take has been surging ahead over the past decade, aided by strong economic
growth, rising disposable incomes, increasing consumerism & easier access to credit.
During FY07-18, credit off-take grew at a CAGR of 11%. As of Q1 FY19, total credit
extended surged to Rs 86,976 billion (US$ 1,297.4 billion).
Demand has grown for both corporate & retail loans; particularly the services, real
estate, consumer durables & agriculture allied sectors have led the growth in credit.
Total banking sector assets (including public and private sector banks) have increased
at a CAGR of 6% to US$ 2.2 trillion during FY13–18. FY13-18 saw growth in assets
of banks across sectors.
Currently there are following 19 nationalised banks in India as per the RBI website.
N o . N a m e
1 A l l a h a b a d B a n k
2 A n d h r a B a n k
3 B a n k o f B a r o d a
4 B a n k o f I n d i a
5 B a n k o f M a h a r a s h t r a
6 C a n a r a B a n k
7 C e n t r a l B a n k o f I n d i a
8 C o r p o r a t i o n B a n k
9 D e n a B a n k
1 0 I n d i a n B a n k
1 1 I n d i a n O v e r s e a s B a n k
1 2 O r i e n t a l B a n k o f C o m m e r c e
1 3 P u n j a b & S i n d B a n k
1 4 P u n j a b N a t i o n a l B a n k
1 5 S y n d i c a t e B a n k
N o . N a m e
1 6 U C O B a n k
1 7 Union Bank of Ind i a
1 8 United Bank of Ind ia
1 9 V i j a y a B a n k
N o . N a m e Year Established
1 C i t y U n i o n B a n k 1 9 0 4
2 K a r u r V y s y a B a n k 1 9 1 6
3 C a t h o l i c S y r i a n B a n k 1 9 2 0
4 T a m i l n a d M e r c a n t i l e B a n k 1 9 2 1
5 Nainital Bank (Wholly owned subsidiary of Bank Of Baroda) 1 9 2 2
6 K a r n a t a k a B a n k 1 9 2 4
7 L a k s h m i V i l a s B a n k 1 9 2 6
8 D h a n l a x m i B a n k 1 9 2 7
9 S o u t h I n d i a n B a n k 1 9 2 9
1 0 F e d e r a l B a n k 1 9 3 1
1 1 J a m m u a n d K a s h m i r B a n k 1 9 3 8
1 2 R B L B a n k 1 9 4 3
N o . N a m e Year established
1 I D B I B a n k 1 9 6 4
2 I C I C I B a n k 1 9 9 4
3 A x i s B a n k 1 9 9 3
4 H D F C B a n k 1 9 9 4
5 I n d u s I n d B a n k 1 9 9 4
6 K o t a k M a h i n d r a B a n k 2 0 0 1
7 Y e s B a n k 2 0 0 4
8 I D F C B a n k 2 0 1 5
9 B a n d h a n B a n k 2 0 1 5
1 0 D C B B a n k 1 9 3 0
Top 10 Retail banks of India.
N o . N a m e
1 H D F C B a n k
2 S t a t e b a n k o f I n d i a
3 IC IC I B a n k Li m i t e d
4 A x i s B a n k
5 Kotak Mahindra Bank
6 I n d u s I n d B a n k
7 B a n k o f B a r o d a
8 Y e s B a n k
9 Punjab National Bank
1 0 C a n a r a B a n k
N o . N a m e
1 A x i s B a n k L t d .
2 B a r c l a y s B a n k P L C
3 B N P P a r i b a s
4 C e n t r a l b a n k o f I n d i a
5 C r e d i t S u i s s e S e c u r i t i e s ( In d i a ) P v t . Lt d .
6 Deutsche Equities India Pvt. Ltd.
7 Edelweiss Financial Services Ltd.
8 H D F C B a n k L t d .
9 HSBC Securities & Capital Market (India) Pvt. Ltd.
1 0 I C I C I S e c u r i t i e s L t d .
1 1 IDBI Capital Market Services Ltd.
1 2 J P M o r g a n I n d i a P v t . L t d .
1 3 Morgan Stanley India Co. Private Ltd .
1 4 Religrare Capital Market Ltd.
1 5 S B I C a p i t a l M a r k e t L t d .
1 6 S M C C a p i t a l s L t d .
N o . N a m e
1 A i r t e l P a y m e n t s B a n k
2 Adit ya Birla Payments Ban k
3 I n d i a P o s t P a y m e n t s B a n k
4 F i n o P a y m e n t s B a n k
5 J i o P a y m e n t s B a n k
6 P a y t m P a y m e n t s B a n k
Chapter: 4
Objective of the Study
Chapter: 4
Objective of the Study
In basic idea behind selecting the topic of “Employee Hiring” is to study how employees are
hired. Today organizations are coming up with the new techniques of hiring people. Hence to
study how the actual process is carried in the organization.
Research methodology
This project aims the finding out and analyzing the hiring process in the organization. The
method of approach adopted for the same, would be as follows:
1. To collect the information from the company’s database, talked with the company’s
seniors and then analyze data.
2. This project will help to get the practical knowledge in employee hiring in the
organization.
Limitation
I. OBJECTIVE
Recruitment Process:
Looking for a good employee is as difficult as searching for a good employer. When the
recruitment process extends over the national boundaries and borders, finding the perfect
candidate are a real challenge. At Ethos they know that good quality employees that help
business grow. To ensure a streamline d process and quality service for clients, the
recruitment process is same for ever applicant they refer. This also provides the candidates
with a consistent level of exceptional service from the Ethos recruitment team.
Salary expectations
CANDIDATE REFERRAL-
Due to the company's positive reputation in the market with various clients and candidates,
some of the best candidates are referred to them by the people who have an existing and
ongoing relations hip with Ethos Recruitment. This relationship provides them access to the
candidates who may not be actively looking for new role and therefore wouldn't normally be
on the market.
DATABASE-
The company has an existing database of candidates job seekers who have registered with the
company.
Candidate short-listing
Skills testing- tailor made the skills testing software designed as per the requirements.
Interview- They personally meet each applicant; determine their requirement and
suitability for available positions.
They review all currently registered applicants when a new position registered against the job
specification to determine any preliminary matches.
Primary Data
The method which involves, collection of data for the given subject, is directly from the real
world which is collected by the researcher himself. The data were collected through:
Secondary Data
The data which is collected by others is to be re-used by the researcher. Analysis prepared
from collection of various required information from:
Internal Reports
Training manuals
Company presentation
Company websites
MIS data available from ETHOS PMO.
Chapter: 6
Recruitment
Chapter: 6
Recruitment
RECRUITMENT BUSINESS CYCLE
The Recruitment Life Cycle describes the whole process of Recruitment done at Ethos.
Following is the brief about the Recruitment Life Cycle.
A to Z of Recruitment Lifecycle
B. Signing of Agreement :-
E. Understanding the Client: - After receiving the requirement, the recruiter will
understand the company and its background. The recruiter has to understand the
company background because...
The candidates who will be interested for the job will ask about company and
its background which is important for the candidate.
It is helpful to screen the CV as per the specific company type and
requirement.
Generally TL/SBU Head gives the company details or a company website to the
recruiter for this.
If there is any clarification required or query is there, you can get it resolved by
TL/SBU Head. It is very important to understand the client and the job requirement
because the recruiter has to search the candidate on this basis of information.
The act of screening a resume may generally be divided into three steps, the first pass
or scanning for keywords, the second pass which includes reading the resume to
evaluate the candidate against the job requirements and the final pass, a full review of
the resume including a subjective qualitative review of the candidate’s job history.
Each step requires a more detailed review of the resume.
I. Sharing profiles to TL for 2nd level screening:-From the first level screening, the
relevant resumes are shred with the TL. The TL will now screen the resumes to check
whether the resumes are as per clients’ requirement or not.
This second level screening is performed because the TL has the more specific and in-
depth view of the requirement in terms of stability required, industry-wise experience,
product-wise experience, Age criteria etc. So, the TL filters more specific resumes at
second level screening.
J. Sharing shortlisted profiles after 2nd level screening to Client by TL:-The TL shares
the profiles to the client after the second level screening.
Here, the recruiter asks the candidate about his availability for the
personal/telephonic/skype interview during the day/time the client has given.
After fixing the day/time for personal/telephonic/skype interview, the recruiter sends
the mail of interview schedule to the candidate in which the details like day, time,
interview venue, name of the concerned person etc. are mentioned.
O. TL to sharing schedule to Client:-TL sends the interview schedule with to the client.
The candidates whose interviews have been scheduled are given a reminder call on
day prior to the interview and on the day of the interview scheduled.
R. reaches @ venue at least 15 minutes prior of meeting :-The recruiter has to give a
follow up call to the candidate to ensure that he has reached at the interview venue
because sometimes candidate finds it difficult to find the location of interview venue. In
such situation, the recruiter guides him to reach the location of interview venue.
S. Feedback about the candidates interviewed by Client to TL:-The client shares the
feedback about the candidates he has interviewed. It contains the details of candidates
who are shortlisted for the further rounds of interview/offered/selected/put on hold by
the client.
But if the candidate rejects the offer, the recruiter has to speak to him to know the
reason of rejection of offer. If necessary, the negotiation of salary or other terms of
employments are discussed with the candidate and
Y. Ensure candidate accepts offer / appointment letter:-If the candidate accepts the
offer, the recruiter has to confirm whether he has received the offer/appointment letter
from the client or not.
Z. Be in touch with candidate till he / she join the organization:-The recruiter has to be
in touch with the candidate till he joins the organization. During this time, the recruiter
has to make sure that the doubts/queries of candidate are resolved.
AA. Handhold candidate till next 3 months of his / her joining:-After the candidate
joins the organization, till next three months, the recruiter has to speak to candidate at
regular interval of time (generally every fifteen days) to ensure that the candidate is
satisfied with the roles & responsibilities given, working condition, work culture and
environment etc.
JOB PORTAL USED :: NAUKRI.COM , MONSTER
JOB PROFILE:
Experience: 0.6 to 5
Job description:
Roles:
Skills:
Candidates from other industries having flair for open market sales are welcome.
At lest Minimum 6 moth experience in any sales.
Experience: 1 to 5 year
Job description:
Roles:
Skills:
Experience: 1 to 5 year
Job description:
Handling sales of CASA products, Mutual Funds, Life Insurance, Health Insurance,
PMS, Credit/Debit Card, Home Loan and LAP.
Responsible for end to end customer service for mapped clients.
Source new to bank accounts to build Bank Book
Deepening family household penetration
Cross sell financial products to customers.
Inform customers about new products or products enhancements to further
expand the banking relationship.
Maintain complete relationship record for assigned customers account.
Meeting and engaging with mapped clients to deepen banking relationship.
Job description:
• To increase the customer base by developing business relationships with existing customers.
• Acquire new business by selling Banking products like Savings Account, Current Account, Cross selling
TPP & Asset products.
• New customers from open market by travelling within the local area/branch allotted.
Experience: 2 year
Job description:
Experience: 1 to 6 year
Job description:
Case manager are at the company operations and improve patient care in
cancer.
Educate the patient on offerings of company in-bound sales to drive
conversions from leads.
Customer interaction and correspondence patient medical data collection.
Collaborate across teams to ensure quality and coordinate care delivery.
Working with the tech/product team to qptimize operations.
Identify key areas of improvement in patient facing operations of the
company and proposing strategies to enable.
• According to the survey, Recruitment differs from company to company for each category.
• According to the survey, the company do utilize internet sites for the recruitment process and for
the finding the talent candidate.
• According to survey it is observed that the company is utilizing the job description in order to
make screening process more efficient.
CONCLUSION
In LinkedIn , number of candidate does not show in their profile so it becomes hard to contact
them.
It is most difficult and long process for getting candidates from this portal.
NAUKRI,MONSTER
From the survey recruiter analyze that most of candidates are not responding.
It is more difficult to get candidate for every profile in leadership hiring.
According to the survey ratio of candidates goes less one by one step like recruitment yield
pyramid.
To some extent a clear picture of the required candidate should be made in order to
search for appropriate.